$4,691 Closing Credit*
$395,000
1,999 SqFt
3 Beds
•2 Full Baths
Deborah L May, Listing Office: Northrop Realty
Is Bel Air, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Bel Air has remained a Seller's Market.
Key Takeaway
Bel Air is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bel Air, MD
How much do homes in Bel Air, MD cost?
Median Sold Price
$435,041
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,291(+5.7%)
Key Takeaway
Homes in Bel Air have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Bel Air was $435,041 in November 2024, up 5.7% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $185K | +5.7% |
| 2 Bedrooms | $251.9K | $265K | +5.2% |
| 3 Bedrooms | $375.5K | $385K | +2.5% |
| 4 Bedrooms | $520.8K | $540K | +3.7% |
| 5+ Bedrooms | $651K | $760K | +16.7% |
Summary: Bel Air housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 16.7%.
Housing Supply in Bel Air, MD
How many homes are available in Bel Air, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 200 | 185 | -7.5% |
Summary: The Bel Air real estate market had 185 homes for sale in November 2024, a 7.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 38 | 36 | -5.3% |
| 3 Bedrooms | 85 | 68 | -20.0% |
| 4 Bedrooms | 56 | 60 | +7.1% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Bel Air housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 | 65 | -9.7% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bel Air, you could pay more than the asking price. 41.5% of homes here sold above asking price last month.
Summary: A total of 65 homes were sold or pending in Bel Air in November 2024, down by 9.7% month-over-month. Of the 65 sold homes, 37% were sold under asking, 22% were sold at asking, and 42% were sold over asking.
Days on Market for Bel Air, MD
How long does it take to sell a home in Bel Air, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 16 Days | -7.6% |
Summary: Homes in Bel Air had an average of 16 days on market in Nov 2024, down by 7.6% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bel Air are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 65 homes were sold in Bel Air; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
